SECOND AMENDMENT TO THE SELLING AND SERVICES AGREEMENT AND FUND PARTICIPATION AGREEMENT
Exhibit 24(b)(8.3)
SECOND AMENDMENT TO THE
SELLING AND SERVICES AGREEMENT
AND
FUND PARTICIPATION AGREEMENT
THIS SECOND AMENDMENT (the “Amendment”), made as of March 1, amends the Selling and Services Agreement and Fund Participation Agreement dated December 1, 2009, as amended, (the “Agreement”) by and between ING Life Insurance and Annuity Company, ING Institutional Plan Services, LLC, and ING Financial Advisers, LLC (collectively, “ING”), and Aberdeen Fund Distributors LLC (“Distributor”) on behalf of each individual series of Aberdeen Funds (each a “Fund” and collectively, the “Funds”). All capitalized terms used but not defined herein shall have the meanings ascribed to them in the Agreement.
WHEREAS, the parties desire to amend the Agreement to provide for the payment to ING of the Servicing Fees and 12b-1 Fees as described herein.
NOW THEREFORE, ING and Distributor hereby agree to amend the Agreement as follows:
- Schedule A of the Agreement is hereby deleted in its entirety and replaced with a revised Schedule A, effective March 1 as attached hereto,
Except as provided herein, the terms and conditions contained in the Agreement, as amended, shall remain in full force and effect. In the event of a conflict between the provisions of the Agreement and those of this Amendment, this Amendment shall control. This Amendment may be signed in counterparts.
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IN WITNESS WHEREOF, the undersigned have executed this Amendment by their duly authorized officers as of the date set forth above.
Aberdeen Fund Distributors LLC |
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By: |
/s/ Xxxx Xxxxxx |
Name: Xxxx Xxxxxx |
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Title: Chief Compliance Officer |
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ABERDEEN FUNDS |
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By: |
/s/ Xxxxxxxx X. Xxxxxxx |
Name: Xxxxxxxx Xxxxxxx |
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Title: Vice President |
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ING Life Insurance and Annuity Company |
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By: |
/s/ Xxxx X. Xxxxxxx |
Name: Xxxx X. Xxxxxxx |
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Title: Vice President |
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ING Institutional Plan Services, LLC |
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By: |
/s/ Xxxx X. Xxxxxxx |
Name: Xxxx X. Xxxxxxx |
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Title: Vice President |
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ING Financial Advisers, LLC |
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By: |
/s/ Xxxxx Xxxxxx |
Name: Xxxxx Xxxxxx |
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Title: COO/VP |
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Schedule A
as of March 1, 2012
Servicing Fees and 12b-1 Fees
All series under the Aberdeen Funds are available for investment under this Agreement. For services rendered by ING under the Agreement with respect to Plan assets invested in the following Funds, Distributor and/or the Funds shall pay the following fees to ING:
Share Class |
Administrative Service Fee |
12b-1 Fee |
Total Fee |
Class A |
% |
% |
% |
Class C |
N/A |
% |
% |
Class D |
% |
N/A |
% |
Class R |
% |
% |
% |
Institutional Service Class Shares |
% |
N/A |
% |
Institutional Class Shares |
N/A |
N/A |
% |
AFD will pay the above 12b-1 fees pursuant to the 12b-1 Plan entered into between AFD and Aberdeen Funds.
Aberdeen Funds will pay the Administrative Service Fee.
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